First Industrial President and CEO Peter Baccile Benefiting from a booming national industrial real estate market, First Industrial Realty Trust saw its earnings rise in the first quarter. The Chicago-based industrial REIT reported net operating income rose to $74.4 million, nearly 6 percent higher year over year. Funds from operations ticked up 12 percent to […]
PHOTOS: Highlights from TRD Chicago’s inaugural State of the Market showcase
An array of Chicago real estate professionals came together to network and hear experts talk about the city’s residential brokerages, megaprojects and more at The Real Deal Chicago State of the Market on April 16. The event at Venue Six10 on Michigan Avenue was the first of its kind for TRD in Chicago, where […]
Felix Sater: “My main motivation was in building a Trump tower in Moscow and making $100M in the process”
Felix Sater (Credit: Getty Images) Felix Sater’s name is mentioned more than 100 times in Special Counsel Robert Mueller’s investigative report. A sketch of Trump Tower Moscow (Credit: Buzzfeed) The report indicates that Sater, a former associate of the Trump Organization who built Trump Soho, wanted to arrange a public meeting between Vladimir Putin and […]
Billionaire Michael Dell is buying the 1,000-plus room Boca Raton Resort
Jonathan Gray, Michael Dell and Boca Raton Resort Billionaire Michael Dell’s MSD Partners is under contract to purchase the waterfront 1,047-room Boca Raton Resort & Club from the Blackstone Group. The deal is expected to close at the end of the second quarter, according to a press release. The 337-acre resort, which was developed in […]
WeWork shuffles C-suite executives amid international push
From left: Adam Neumann, Eugen Miropolski and Jen Berrent (Credit: Getty Images and Twitter) The co-working giant formerly known as WeWork is reorganizing its C-suite as it tries to build its international presence. The We Company promoted Eugen Miropolski to chief operating officer from managing director of Europe and Asia — excluding Japan. Miropolski will […]
Don Wilson’s plan to sell stakes in South Carolina property via digital token offering falls apart
Don Wilson (Credit: LinkedIn, iStock) A Chicago trader’s plan to use digital tokens to sell equity in a South Carolina student housing complex has fallen apart. Don Wilson’s Convexity Properties planned to set up a REIT to sell ownership stakes in the Hub at Columbia building in the form of tokens issued by Convexity and […]